Gemini digital asset exchange – review May 2019

Gemini Cryptocurrency Exchange
Gemini Cryptocurrency Exchange
  • Buy BTC, ETH and ZEC with USD
  • Also offers crypto-to-crypto trading
  • Multiple order types
  • Regulated by NYSDFS

Gemini is a leading digital asset exchange that rewards high-volume traders with discounts and rebates.

Gemini is a fully regulated cryptocurrency exchange founded by the Winklevoss twins, two of the most prominent bitcoin investors.

Gemini was founded in 2015 on the premise that digital assets have the potential to radically reshape the financial system. Today, it’s one of the few bitcoin exchanges regulated by the New York State Department of Financial Services (NYSDFS).

Product Name Gemini Cryptocurrency Exchange
Fiat Currencies USD
Cryptocurrencies BTC, ETH, LTC, ZEC,GUSD
Deposit Methods Cryptocurrency
Electronic Funds Transfer
Wire transfer
Trading Fee From 0-0.1%+
Deposit Fees Cryptocurrency: None
Wire transfer: None*
ACH: None * banks may charge transfer fee
Withdrawal Fees Cryptocurrency: Up to 0.002 BTC & 0.001 ETH
Other: None


  • Strong reputation backed by two leading investors
  • Dollar-to-crypto and crypto-to-crypto trading
  • Discounts and rebates for high-volume traders


  • Strict regulation comes at a cost – in this case it’s the loss of privacy
  • Limited selection of altcoins
  • Limited funding methods
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Exchanges like Gemini

What is Gemini?

Based in New York, Gemini is the first licensed bitcoin and Ethereum trust company to be registered with the NYSDFS. The futuristic platform allows users to deposit fiat currency and trade bitcoin and Ethereum across a variety of different order types.

It is also one of the only US exchanges that enables dollar-to-crypto and crypto-to-crypto trading.

Gemini also has a unique auction feature that provides all customers worldwide with an exact time and place to meet online, in order to trade at the same prices, regardless of the time zone.

In addition to buying and selling cryptocurrency, Gemini users can store their tokens directly with the company in a highly secure offline wallet.

What cryptocurrencies can I buy, sell and trade?

Gemini supports bitcoin and Ethereum tokens. These are the top two digital currencies by market capitalization.

When it comes to trading, the following pairs are supported:


Where is Gemini available?

Globally, Gemini is available in the United Kingdom, Canada, Hong Kong, South Korea and Singapore.

Gemini is available across most US states, with the exception of Oregon, Arizona, Alaska, Hawaii and Wisconsin. The company website says trading in these regions will be available soon.

What payment methods are supported?

Gemini only accepts US dollars via Automated Clearing House (ACH) deposits or wire transfers. No other funding method is accepted at this time.

Transaction fees and charges

Depositing USD into your Gemini account is completely free. The exchange does not charge for wire transfers or ACH deposits. However, wire transfers may be subject to bank fees.

Gemini does not charge fees for wire deposits or withdrawals anywhere in the world when trading in bitcoin and Ethereum.

Trading fees vary depending on your 30-day trade volume, and maximum fees were increased fourfold on April 2, 2018. There are six tiers of maker, taker and auction fees that range from 1% for light traders (less than 5 BTC or 50 ETH over the last 30 days) to 0.1% for takers and 0% for makers when trading more than 2,000 BTC or 20,000 ETH over the last 30 days.

Transaction processing times

Wire transfers sent domestically before 3 p.m. ET are usually available in your account the same day or the next business day.

Bank transfer deposits via ACH usually clear in about four to five business days.

Are there any deposit/withdrawal limits?

There are no limits on deposits or withdrawals for either individual or institutional accounts. Bank transfers via ACH have the following limits (in USD):

Type Limit Customer Amount
Deposit Daily Individual $500
Deposit Daily Institution $10,000
Deposit Monthly Individual $15,000
Deposit Monthly Institution $300,000
Withdrawal Daily Individual $10,000
Withdrawal Daily Institution $10,000
Withdrawal Monthly Individual $100,000
Withdrawal Monthly Institution $100,000

Is trading on Gemini secure?

Gemini is considered to be one of the most secure cryptocurrency exchanges on the market for US residents. Not only is it governed by the Bank Secrecy Act (BSA) and anti-money laundering (AML) rules, client deposits are eligible for Federal Deposit Insurance Corporation (FDIC) insurance coverage. The company is also heavily capitalized to protect the digital currency you store offline.

In the case of Gemini, you are sacrificing some privacy for better security. The account verification process requires that you provide sensitive details about yourself, such as your Social Security number (SSN) and photo ID.

Gemini accounts are also equipped with two-factor authentication, which safeguards the login process.

If you decide to use Gemini’s wallet services, most of your digital assets will be stored offline in a disconnected, air-gapped storage system for added protection.

Get started

To get started with Gemini, visit the website and select whether you want to open a personal account or an institutional account. You can also register for Gemini’s Custody Service (i.e. wallet), where most tokens are secured offline in an air-gapped storage system that is physically disconnected from any networks.

Gemini cryptocurrency exchange

Pros and cons


  • Strong reputation backed by two leading investors
  • Dollar-to-crypto and crypto-to-crypto trading
  • Available in Canada
  • Discounts and rebates for high-volume traders


  • Strict regulation comes at a cost – in this case, it’s the loss of privacy
  • Limited selection of altcoins
  • Limited funding methods

Customer support

Gemini provides a self help-style customer support page through its Help Center, which has a detailed FAQ section broken down by the following categories: General, Trading, Developers and Security. If you have a specific question in mind, you can type it in the bottom tab labelled “Support”.

If the FAQ section doesn’t help, you can send an email to customer support by selecting “Submit a Request” at the top right-hand side of the page.

Frequently asked questions

Image source: Gemini

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